We begin with another week of trading. Last week we had a somewhat sideways trading in the US market. Let's see what this week brings us.
With the S&P 500 trading very near to all time highs, we are actually running into resistance area. Therefore, one should expect some choppy trading ahead in the next few days to a week.
However, we should still remain bullish on the US market especially now that we are slowly heading into November. The S&P 500 is forming a large ascending triangle which is a bullish continuation pattern. As long as it stays above the lower trend line we should continue to be bullish.
If the S&P 500 can trade above the top of the pattern then we will experience a breakout that might send the markets higher.
Jul 30, 21 09:54 AM
Take a look at the various charts of the stock market for the month of July. Interesting to note that the uptrend is still intact.
Mar 23, 21 08:25 AM
This week let us take a look at the SPX and TSLA. See what we can learn from their charts.
Mar 19, 21 05:24 AM
In this week we will have a look at Bitcoin, ETN and MAT, SPX and QQQ and see what we can learn from its chart.
Mar 09, 21 08:33 AM
In this week's lesson, let's take a look at bitcoin and makita.
Mar 03, 21 09:48 AM
In this week we will take a look at BRX and KIM and see what we can learn from the charts.